12. Find the following table. 1. Fit a straight line trend by the method of least square. 2. Calculate the trend value. Year: 1990 1991 1992 1993 1994 1995 1996 Production: 12 10 14 11 13 15 16 (000 tons)

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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12. Find the following table.
1. Fit a straight line trend by the method of least square.
2. Calculate the trend value.
Year:
1990
1991
1992
1993
1994
1995
1996
Production:
12
10
14
11
13
15
16
(*000 tons)
Transcribed Image Text:12. Find the following table. 1. Fit a straight line trend by the method of least square. 2. Calculate the trend value. Year: 1990 1991 1992 1993 1994 1995 1996 Production: 12 10 14 11 13 15 16 (*000 tons)
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